Iamgold Corp (NYSE:IAG) Shares Acquired by United Services Automobile Association

United Services Automobile Association increased its holdings in Iamgold Corp (NYSE:IAG) (TSE:IMG) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,887,322 shares of the mining company’s stock after buying an additional 87,322 shares during the period. United Services Automobile Association owned about 0.40% of Iamgold worth $6,379,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Iamgold by 7.3% in the 2nd quarter. SG Americas Securities LLC now owns 129,316 shares of the mining company’s stock valued at $437,000 after buying an additional 8,852 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Iamgold by 8.2% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 144,850 shares of the mining company’s stock valued at $490,000 after buying an additional 11,000 shares during the period. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Iamgold in the 1st quarter valued at about $45,000. Cetera Advisors LLC acquired a new position in shares of Iamgold in the 2nd quarter valued at about $49,000. Finally, Swiss National Bank boosted its holdings in shares of Iamgold by 2.4% in the 2nd quarter. Swiss National Bank now owns 876,500 shares of the mining company’s stock valued at $2,965,000 after buying an additional 20,600 shares during the period. 57.30% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on IAG. GMP Securities lowered shares of Iamgold from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Raymond James reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Iamgold in a report on Friday, August 9th. CSFB lowered shares of Iamgold from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $4.75 to $3.75 in a report on Thursday, August 8th. CIBC reissued an “average” rating on shares of Iamgold in a research note on Sunday, August 4th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Iamgold in a research note on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Iamgold currently has an average rating of “Hold” and an average price target of $4.12.

Iamgold stock traded up $0.04 during midday trading on Friday, reaching $3.57. 28,129 shares of the stock traded hands, compared to its average volume of 5,775,035. The company has a current ratio of 4.14, a quick ratio of 3.05 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.28. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 59.33, a PEG ratio of 42.42 and a beta of -0.10. Iamgold Corp has a fifty-two week low of $2.28 and a fifty-two week high of $4.16.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its earnings results on Wednesday, August 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $246.50 million for the quarter, compared to analyst estimates of $272.94 million. Iamgold had a negative net margin of 9.84% and a negative return on equity of 1.45%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Analysts anticipate that Iamgold Corp will post 0.03 earnings per share for the current year.

Iamgold Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Institutional Ownership by Quarter for Iamgold (NYSE:IAG)

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